Marcus & Millichap has successfully completed the sale of 4043 First Ave., a 15-unit apartment property in San Diego. The transaction, which closed at $6,050,000, was facilitated by Aaron Bove, senior managing director investments at Marcus & Millichap’s San Diego Del Mar office.
According to Bove, this property presents an excellent opportunity for value-add potential and is strategically located within walking distance of two hospitals. He represented the seller (an individual or personal trust) in marketing the property and also procured AZ1 1st Ave 4043 LP as the buyer.
Situated in San Diego’s desirable Hillcrest neighborhood, this multifamily asset consists of six one-bedroom/one-bath units and nine two-bedroom/two-bath units. Its prime location adds to its appeal as a valuable investment opportunity.
